AUD/JPY: Recovery mode intact above 82.00 post-China prices

After having bottomed out at five-month troughs, the AUD/JPY cross makes tepid-recovery attempts, now extending the recovering above 82 handle, despite mixed Chinese price pressures data.

The latest leg up in the cross can be also attributed to bargaining hunting seen behind the USD/JPY pair, after the spot was dumped to 109.35 (5-month lows) in the wake of stops triggered on USD/JPY positional longs.

Despite recovery attempts, the cross remains in the red as risk-off persists at full swing amid ongoing geo-political tensions surrounding North Korea and Syria, while unimpressive Chinese CPI and Australian Westpac consumer sentiment data adds further to the risk-off trades.

Technical Levels

Higher side: 82.50 (psychological levels), 82.85/86 (200 & 5-DMA), 83 (round number/ classic R1)

Lower side: 81.89 (5-month low), 81.66/63 (Classic S1/ Fib S2), 81.00 (zero figure)